EXXON UNVEILS LATEST DEEPWATER GULF OF MEXICO GIANT FIND

Exxon Corp. has disclosed what apparently is the fourth giant oil and gas field discovery operators reported this year in the deepwater Gulf of Mexico. Exxon says its Diana prospect in 4,645 ft of water on East Breaks Block 945 about 125 miles south of Galveston, Tex., might hold reserves of more than 100 million bbl of oil equivalent. That potential was identified by log analyses and wireline tests. Exxon says the discovery is predominantly gas. The Diana discovery well cut multiple

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